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Serious 45th Floor HDB Duxton 4-Room Flat Sold For $1.37 Million! $1356 per sq ft! Majulah PAP!

JohnTan

Alfrescian (InfP)
Generous Asset
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A 1,001 sq ft four-room flat at Block 1D Pinnacle@Duxton has been sold for S$1.37 million in October 2022, according to 99.co, which makes it the most expensive four-room resale HDB flat in Singapore.

In terms of record-setting price, it is the sixth most expensive HDB resale flat, and the second-highest price ever paid for a flat at Pinnacle@Duxton.

Located at a high floor above the 45th floor, the S$1,368 per square foot price is the highest recorded for HDB resale flats nationwide, 99.co also reported.

The sale was lodged on Oct. 22, some three weeks after the Sep. 30 cooling measures were announced.

However, 99.co speculated that it was likely that the option-to-purchase for the four-room flat was signed before the measures kicked in.

Highest price for Pinnacle@Duxton flat so far

The current highest price paid for a resale flat was for a 1,152 sq ft five-room unit at Block 1F Pinnacle@Duxton, which sold for S$1.389 million in March 2022 -- at a S$1,205 per square foot price.

2nd-most expensive 4-room flat sold in same month

The month of October 2022 saw another four-room flat at Pinnacle@Duxton successfully sold.

The slightly larger four-room flat unit at 1,012 sq ft was sold for S$1.3 million at a S$1,284 per square foot price.

Located above the 49th floor, it is the second most expensive four-room flat in Singapore.

Background
The Pinnacle@Duxton HDB project in Tanjong Pagar was completed in 2011 and entered the resale market in 2015.

With seven 50-storey blocks, the development is recognised as having the world’s tallest public residential buildings.

There are 1,848 units in total -- 1,232 four-room units and 616 five-room units.

According to 99.co, 59 four-room flats at Pinnacle@Duxton have been sold at or above S$1 million so far -- which is 4.79 percent of all four-room flats there.

So far, 113 five-room flats have been sold at or above S$1 million -- which is 18.34 per cent of all five-room flats there.

https://mothership.sg/2022/10/4-room-duxton-flat-sold-most-expensive/
 

bobby

Alfrescian
Loyal
Fucking idiots....can buy so expensive HDB $1,370,000 with no strata title but when chai png goes up by $1 will kpkb.
 

mahjongking

Alfrescian
Loyal
I heard the million-dollar DBSS behind Cat High are all sold to HKers and PRCs.

to all these fuckers, its a bargain because back home, their 'condos' can collapse anytime and fucking tiny
when these fuckers move in with their social crap nonsense, the locals suffer FUCK PAP

not to mention our kids are being priced out owning a home...FUCK PAP AGAIN
 

realDonaldTrump

Alfrescian
Loyal
to all these fuckers, its a bargain because back home, their 'condos' can collapse anytime and fucking tiny
when these fuckers move in with their social crap nonsense, the locals suffer FUCK PAP

not to mention our kids are being priced out owning a home...FUCK PAP AGAIN
PRs should not be allowed to buy HDBs
All private condos can only be resold to citizens (after launch) - some countries implement this ruling.
 

realDonaldTrump

Alfrescian
Loyal
In wealth-backed markets like Singapore, interest rates don’t “move the needle,” Li said, “because these people in the first place don’t even rely on borrowing to fund these homes.”

One property agent told CNBC last year that all-cash offers were on the rise at that time.

Interest rates are “not going to be a determining factor for prices to come down,” Li said. “I think you need something that is a lot stronger, especially from the macro side, for people to realize that entering a market at this kind of price level may not give them the returns they want.”

Christine Sun, senior vice president of research and analytics at OrangeTee and Tie, said buyers in the top wealth bracket in Singapore have enough money to fund their house purchases, or can redeploy capital to pay for their loans. “Foreign investors may continue to buy properties here as they consider our mortgage rates to be lower than other countries and our strong Sing dollar can help preserve the value of their investment,” she said.

https://www.cnbc.com/2022/10/27/singapore-property-why-interest-rates-wont-slow-sales-too-much.html
 

mahjongking

Alfrescian
Loyal
In wealth-backed markets like Singapore, interest rates don’t “move the needle,” Li said, “because these people in the first place don’t even rely on borrowing to fund these homes.”

One property agent told CNBC last year that all-cash offers were on the rise at that time.

Interest rates are “not going to be a determining factor for prices to come down,” Li said. “I think you need something that is a lot stronger, especially from the macro side, for people to realize that entering a market at this kind of price level may not give them the returns they want.”

Christine Sun, senior vice president of research and analytics at OrangeTee and Tie, said buyers in the top wealth bracket in Singapore have enough money to fund their house purchases, or can redeploy capital to pay for their loans. “Foreign investors may continue to buy properties here as they consider our mortgage rates to be lower than other countries and our strong Sing dollar can help preserve the value of their investment,” she said.

https://www.cnbc.com/2022/10/27/singapore-property-why-interest-rates-wont-slow-sales-too-much.html

''One property agent told CNBC last year that all-cash offers were on the rise at that time.''

FED and EU print all their useless unbacked paper money and these counterfeit money comes to our shores and buy up every fuck thing ...simple
nobody can buy a 1.3 million hse earning 1800sgd a month
 

borom

Alfrescian (Inf)
Asset
Problems with housing, health care , job security and retirement savings will only get worse under the son.
I have said long ago and in multiple threads that the only recourse left now is to use your votes wisely before it is too late
 

syed putra

Alfrescian
Loyal
PRs should not be allowed to buy HDBs
All private condos can only be resold to citizens (after launch) - some countries implement this ruling.
Actually that should be the rule. But PAP needed yo hike up country's net worth so allowing non citizens to buy eventually turned the island with most number of millionaires.
The problem is the mslays snd indians cannot sell their units and go live in jb due to race conditions. Only chinese benefit from this rule,
 

Rogue Trader

Alfrescian (Inf)
Asset
This whole house "ownership" scam only benefits banks.

Sinkapore, like Hongkong, are perfectly poised to entrap residents into this great whirlpool due to the limited space. And "owners" become lifelong slaves to banks
 
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